"I have a certificate of deposit for a gold coin, and the bank has a claim for a gold coin. Needless to say, the certificate of deposit can be exchanged for a gold coin.

However, the claim of this gold coin is the money he owes to the person who borrowed the money, but to the bank, it is also an asset.

Since it is an asset, it can be bought, sold, and transferred to anyone. For whoever takes over the claim has the right to recover from the borrower a gold coin lent.

Isn't that money? "Think about it, think about it carefully, there's nothing wrong with it. But Brutus fell into an inexplicable state of entanglement.

Lin continued, "The story isn't over yet. Of course, the person who borrowed the money had a purpose, so he spent the gold coin.

And this gold coin will be used as a reward, or the price paid for the purchase of a certain good, to a second person.

The man deposited the gold coin in the bank and obtained a certificate of deposit for a gold coin. The bank lent the money out again and obtained a claim for a gold coin. "So now there are four gold coins worth on the books of the market.

They are two certificates of deposit of one gold coin and two claims of one gold coin. The more banks the coin passes, the more people who owe it, but the more value it creates. "But there's only one gold coin.

Where does the rest of the money come from? Brutus said. I saw that the magician in front of me didn't know where to find a voucher issued by a certain set of banks, which was quite exquisitely made.

The lines are detailed and intricate, and there are even other details hidden in the details, full of anti-counterfeiting measures for modern banknotes on the earth.

Lin pinched the ends of the banknote and pulled symbolically. This action made the lord of wealth suddenly realize.

I dare to say that the purpose of this paper is not lighter than gold coins, so it is easy to carry. There are other intentions as well. "There's always been only one gold coin, yes.

But as long as the bank recognizes the value of the voucher and the market recognizes its value, then a gold coin can theoretically produce an infinite amount of book value under the operation of the bank.

These book values can be used to issue vouchers. The only way to reduce this book value is to pay off the debt.

When all the debt is zeroed, the actual real value of the coin is left in the market. Speaking of this, a certain magician took a breath, looked at the leopard who was bowing his head and pondering, and asked, "Listen so much, do you hear something?" "According to you, inflation doesn't happen just because someone prints too many vouchers, pulling down the real value that the voucher denomination represents," Brutos said.

In fact, in the process of bank lending, the money also increases. "That's right, Your Majesty. You know my situation, too.

In my hometown, it is well known that indiscriminate printing of money will cause inflation, so if the official with the power to print money no longer prints, inflation will not happen.

However, the fact is that regardless of whether the official prints money indiscriminately or not, inflation still occurs every year.

Why is that? "Because the real point of inflation is naturally due to banking, it can't be stopped, at most suppressed.

No one dares to tell outsiders about this matter, but it is real. I've heard people say that making money is the fastest.

I always thought that this sentence was an exaggerated and ridiculous statement, but I never thought that this sentence was actually a big truth that described the real situation. "As a deity who intends to attack in this regard, the lord of wealth is certainly not going to give up his original idea with such an alarmist few words.

She tried to argue: "But don't you also say that as long as the debt can be fully paid, the state of the market will return to the state of the market." "Hehe, Your Majesty, just think about it if you completely settle this kind of thing.

People have good fortune and misfortune, investment has the same profit and loss, if you meet someone who can't pay the money, or rely on power to rely on the debt, then how to calculate.

Besides, I haven't introduced the 'interest' factor yet. "In the scenario I just mentioned, for every gold coin you deposit, you get interest on one gold coin.

For every gold coin borrowed, you also need to pay interest on one gold coin. How does this change with the addition of this element?

What if the banks then bought and sold their claims and exchanged them for cash that could be used directly? "Borrowing one to repay one loan shark is a common thing in a lost place where the financial economy is not developed.

After all, borrowing is too risky and doesn't have enough benefits, who wants to lend money to others? No matter how close you are.

That's why Prutus didn't care about whether such an example would be too exaggerated. And the science of mathematics, especially simple addition, subtraction, multiplication and division, is not difficult to learn in the wisdom of the gods.

Not to mention the concept of the lord of wealth, such knowledge can also be used to calculate how much wealth he has.

Hearing the situation in front of him, Plutus easily came to the result. The problem is that when the first debt is ready to be repaid at maturity, there is only one gold coin in the market, where is the second gold coin to pay the interest?

To solve this problem, it is not difficult to say that it is not easy, and it is not easy to say that it is simple, that is, to borrow the second gold coin and pay the interest on the debt of the first gold coin, anyway, how to borrow it is paper.

Then you can get away with it for a while, and wait until the time limit for the second debt expires to come. Well, it seems that the day is far away when the debt in the market will be fully paid off.

The lord of wealth makes such a conclusion. However, it also brought another question to Brutus, asking, "How did this matter work out in your hometown?" "My hometown." Someone showed a strange face, squeezed his eyebrows, and struggled for a while before he said: "Before the leeks that have been harvested re-sprout, the idle sickle is, of course, to find a new batch of leeks."

Cut and look for it, cut it when you find it, cut it and find it, and so on. To put it simply, the dividends from growth are used to offset the growing debt in the market. "There are two main ways to grow here.

One is the growth of external profits. It can be trade, it can be plunder, it can be war, anyway, it is robbing other people's things to pay off their debts.

But this is just a way to pass the loss on to others, and it doesn't really solve the problem. "The other is population growth.

Although the debt in the overall market is increasing, as long as the population is increasing faster than the debt, then there will not be much pressure on this debt to spread evenly among everyone, and it will even feel like it will slow down. At this time, people will say: Because people in the past have suffered like this, so it is okay for people to suffer now, and maybe it is easier.

But if population growth does not grow as fast as debt, it means that the burden on everyone increases.

It was hard enough before, and now it's even harder. In such an environment, it is difficult not to be complained. "However, as the population increases, it can be expected that the rate of debt increase will also increase in the future.

Although the current debt problem has been suppressed for the time being, the problem in the future is even greater. In other words, the whole system is like eating poison to satisfy hunger when you are hungry.

In the end, you can only choose one of two endings, either starve to death or be poisoned. When someone had finished complaining about his situation, the lord of wealth looked at him in astonishment, and said, "This is not the solution." Lin spread his hands and said frankly: "It's really not counted."

However, you can choose to die early or later. "Then why would people in your hometown choose to do this?" Brutus asked, puzzled.

After thinking about it, Lin explained: "Although advancing the future is a dose of poison, it is undeniable that this poison can give you a chance to grow stronger at the moment.

If one country does this, and other countries don't follow suit, then there is not even a chance, and it may be eliminated before it grows. "Then everyone can only hope that their physique is good enough to eat a little more poison and not die.

Then, before the poison occurs, these toxins are constantly passed on to other countries, delaying the time point of their own poison and death. Lin's explanation obviously displeased the lord of wealth.

She asked another question she hadn't asked before: "If all this is as you say, full of shortcomings and pitfalls."

So what do the people who designed it all get? "Money, military power, personal strength, all these are only for the purpose of converting into power.

Take control of other people's lives, control the lives and deaths of others. When there is a certain amount of money, it is just a number for those at the top.

What they care about is what the numbers can bring, not the numbers themselves. "As for the debts that need to be repaid in the future, as the designer of the rules of the game, how can he not know how to avoid or pass them on.

Even though the changes in the entire social environment are constantly sliding into the abyss; But when it comes to individuals, it must be someone who suffers and someone takes advantage.

Since I can take all the benefits and swallow the bitter fruits, how bad has the world become, and what does it have to do with these people?

Right. Hearing this, although Brutus still has a lot of questions in his heart, he has a lot of thoughts about taking the road of banking and lending.

The reason for this is that the gods are different from mortals. Mortals would want to be the group of people at the top of the pyramid in a capitalist society.

However, how could the gods be satisfied with the faith of those who could only harvest that little bit of people, and the curses of the vast majority of the remaining people?

And that's not to mention the question of how much faith a person himself will have. The consensus of the gods is that unless they are religious people, the kind of people who have reached the top in a certain field will have weaker beliefs.

Because they believe more in what they believe in, rather than pinning most of their feelings on a certain deity. "But!" Someone suddenly yelled and threw out a twist.

The money leopard cooperated very well, and asked, "But?" "When the financial and economic environment continues to develop, sooner or later it will hit a bottleneck.

At this time, borrowing and borrowing is unavoidable. Because continuing to block will make it impossible for those with redundant funds to make full use of their strengths, and it will also make those who have no ability and creativity suffer from not having enough funds to realize their ideas.

- "Someone spread his hands helplessly, "--I don't know how to go when that time comes."

Perhaps His Majesty Brutus will be wise enough to find a way out. My only idea is to let the claim be content with the claim and not be manipulated as an asset.

But what the future world will be like and how to face it is not my business. ”